The stock market had a difficult first half of the year due to various macroeconomic and geopolitical concerns. However, better-than-expected corporate earnings and a slight decline in inflation led to the market witnessing a rebound since July.
Since inflation remained at an uncomfortably high level, many analysts expect the Fed to maintain its hawkish stance to bring inflation to its target level. A strong job market is expected to encourage the Fed to continue tightening its policy. Therefore, the market will likely remain under pressure.
